$24Bn Concrete Admixtures Market Forecast Study, 2019-2024 with Market Ranking Analysis of BASF, SIKA, GCP Applied Technologies, RPM International, and Fosroc International
DUBLIN, Dec. 12, 2019 /PRNewswire/ -- The "Concrete Admixtures Market by Product Type (Superplasticizers, Normal Plasticizers, Accelerating, Retarding, Air-entraining, Water-proofing), End-Use Sectors (Residential, Commercial and Infrastructure), Region - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
The global concrete admixtures market size is projected to grow from USD 15.4 billion in 2019 to USD 24 billion by 2024, at a CAGR of 9.3%, between 2019 and 2024.
The increasing infrastructure spending in line with numerous government initiatives across the world and the added physical and chemical benefits of admixtures is expected to drive market growth Established infrastructure in developed countries and unstable economic cycles are restraining the growth of the concrete admixtures industry.
BASF SE (Germany), SIKA AG (Switzerland), GCP Applied Technologies (US), RPM International Inc. (US), Fosroc International Inc. (UK), Mapei S.P.A. (Italy), CICO Technologies Ltd. (India), CHRYSO S.A.S (France), Concrete Additives and Chemicals Pvt. Ltd. (India), and Rhein-Chemotechnik GmbH (Germany) are the key players operating in the concrete admixtures market.
Based on product type, the superplasticizers segment is expected to lead the concrete admixtures industry during the forecast period.
The superplasticizers accounted for the majority of the concrete admixtures market share in 2018 and the trend is expected to continue during the forecast period between 2019 and 2024. Increasing construction activities are expected to play a vital role in driving he growth of the segment.
Superplasticizers, or high-range water reducers (HRWR), reduce water content by 12-30% and can be added to concrete with a low-to-normal slump and water-cement ratio to make high-slump flowing concrete. These admixtures improve the workability of the concrete to a great extent than the conventional water-reducing admixtures. Superplasticizers are added to concrete just before its use, which makes it convenient for the user to control the discharge of concrete and reduce slump.
Infrastructure is expected to grow at the highest CAGR during the forecast period.
The infrastructure sector develops in tandem with the growth and development of the global economy. The increasing demand for infrastructure development and the easy availability of debt financing have led to a strong focus on this sector. Infrastructure projects are mainly funded by governments, globally, to ensure good public infrastructure, which, in collaboration with the private sector, keeps the economy in a good shape. The introduction and implementation of various government initiatives around the globe for infrastructure development to support the sustainable economic growth of their countries are driving the concrete admixtures market growth.
APAC is expected to lead the concrete admixtures industry during the forecast period.
The APAC region is projected to lead the concrete admixtures market from 2019 to 2024, in terms of value. APAC has emerged as one of the leading producers as well as consumers of concrete admixtures due to rapid industrialization and urbanization. The economic growth in the APAC region, particularly in emerging markets, such as India, Taiwan, Indonesia, Malaysia, Thailand, and Vietnam, is contributing to the increase in the number of infrastructure projects, which is expected to drive the demand for concrete admixtures in the construction industry.
Key Topics Covered
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Concrete Admixtures Market
4.2 Concrete Admixtures Market, By Product Type
4.3 Concrete Admixtures Market, Developed vs Developing Countries
4.4 APAC: Concrete Admixtures Market, By Product Type and End-Use Sectors
4.5 Concrete Admixtures Market: By Country
5 Market Overview
5.1 Introduction
5.1.1 Market Dynamics
5.1.2 Drivers
5.1.2.1 Emerging Construction Industry with Huge Growth Potential in the Developing Countries
5.1.2.2 Growing Urbanization Trend
5.1.2.3 Improved Quality and Economics of Construction
5.1.3 Restraints
5.1.3.1 Established Infrastructure in Developed Countries
5.1.3.2 Unstable Economic Cycles
5.1.4 Opportunities
5.1.4.1 Utilization of Ready-Mix Concrete (RMC) in Developing Countries
5.1.5 Challenges
5.1.5.1 Lack of Technical Guidance and R&D
5.1.5.2 Unstable Cost of Raw Materials and Energy
5.1.5.3 Stricter Environmental Regulations
5.1.5.4 Lack of Awareness Among End Users
5.1.5.5 Substandard Products
5.2 Porter's Five Forces Analysis
5.2.1 Threat of New Entrants
5.2.2 Threat of Substitutes
5.2.3 Bargaining Power of Buyers
5.2.4 Bargaining Power of Suppliers
5.2.5 Intensity of Competitive Rivalry
5.3 Macroeconomic Indicators
5.3.1 Introduction
5.3.2 Trends and Forecast of GDP
5.3.3 Trends and Forecast in the Construction Industry
6 Concrete Admixtures Market, By Product Type
6.1 Introduction
6.2 Mineral Admixtures
6.2.1 Fly Ash
6.2.1.1 Low Calcium Fly Ash is Preferred Due to Low Reactivity
6.2.2 Granulated Blast Furnace Slag
6.2.2.1 Improved Workability and Water Reduction are the Prominent Properties of This Cementitious Material
6.2.3 Silica Fume
6.2.3.1 Use of Silica Fume Increases the Weight of Cement By 15%
6.2.4 Rice Husk Ash
6.2.4.1 Apart From Using Rice Husk Ash as Admixture in Concrete, It Is Also Used to Make Bricks
6.3 Chemical Admixtures
6.3.1 Superplasticizers
6.3.1.1 Improves Workability of the Concrete to A Great Extent Compared to Other Conventional Admixtures
6.3.2 Normal Plasticizers
6.3.2.1 Reduces 15-20% Water Usage, Provides Strength, and Improves Workability of Concrete
6.3.3 Accelerating Admixtures
6.3.3.1 Reduces Segregation, Increases Density & Strength, Improves the Curing Rate of Cement By Providing Uniform Curing During Summer and Winter
6.3.4 Retarding Admixtures
6.3.4.1 Used to Obtain Architectural Finish in the Interior Surface of the Structure to Delay the Hardening of the Cement/Concrete Layer
6.3.5 Air-Entraining Admixtures
6.3.5.1 Uniform Dispersion of Air in the Concrete Restricts Water Flow Between Cement Particles and Formation of Capillaries
6.3.6 Water-Proofing Admixtures
6.3.6.1 Used in Construction of Reservoirs, Sewage, Tanks, Tunnels, Manholes and Other Water Retaining Structures/Floors to Prevent Water Leakages
6.3.7 Other Concrete Admixtures
7 Concrete Admixtures Market, By End-Use Sector
7.1 Introduction
7.2 Residential
7.2.1 Rise in Population and Rapid Urbanization have Increased the Development of Residential Sector in Urban Areas
7.3 Commercial
7.3.1 Higher Costs and Greater Complexity of Commercial Buildings have Resulted in Less Competitors in Commercial Sector
7.4 Infrastructure
7.4.1 Growth and Development in the Infrastructure Sector Boosts the Global Economy
8 Concrete Admixtures Market Size, By Region
8.1 Introduction
8.2 APAC
8.2.1 China
8.2.1.1 China's Construction Industry to Expand By 5.9% in 2019 and 6.1% By 2020, Driven By the Railway Construction Projects
8.2.2 India
8.2.2.1 Cement Demand in India is Expected to Reach 550-600 Million Tonnes Per Annum (MTPA) By 2025, Supported By the Government's Infrastructure Projects
8.2.3 Japan
8.2.3.1 Superplasticizers and Normal Plasticizers are Used in Most Concretes in Japan to Endure Natural Calamities
8.2.4 South Korea
8.2.4.1 The Government's Increased Investment on the Healthcare and Education Sectors are Expected to Boost the Concrete Admixtures Market
8.2.5 Rest of APAC
8.3 The Middle East & Africa
8.3.1 Egypt
8.3.1.1 Increasing Demand for Housing to Accommodate the Increasing Population Will Boost the Concrete Admixtures Market
8.3.2 Iran
8.3.2.1 Country Aims to Increase Its Annual Cement Production Capacity to Accommodate 20-Year Vision Plan (2025)
8.3.3 Saudi Arabia
8.3.3.1 Government has Made Huge Investments in Infrastructure Development to Boost Tourism
8.3.4 United Arab Emirates (UAE)
8.3.4.1 Increased Crude Oil Production Helps to Drive Investment in Construction Industry
8.3.5 Rest of Middle East & Africa
8.4 Europe
8.4.1 Turkey
8.4.1.1 Cement Sector Contributes to the Growth of Turkey's Economy
8.4.2 Italy
8.4.2.1 The Production of Cement in Italy is Expected to Remain Stable in the Near Future
8.4.3 Poland
8.4.3.1 Poland is the Fastest Growing-Economy in the European Union (EU)
8.4.4 Spain
8.4.4.1 Transport Infrastructure and Increase in Housing Units Boost the Concrete Admixtures Market
8.4.5 Germany
8.4.5.1 Implementation of Increasing Stringent Environmental Regulations have Increased the Production of Cement and Concrete Admixtures in the Country
8.4.6 France
8.4.6.1 Government's Focus on the Development of Affordable Houses as Well as Renewable Energy Infrastructure Will Contribute to the Demand for Concrete Admixtures
8.4.7 UK
8.4.7.1 Government of UK has Invested USD 764 Billion Under National Infrastructure and Construction Pipeline (NICP) for the Next 10 Years to Improve the Infrastructure in Energy, Transport, and Other Sectors
8.4.8 Rest of Europe
8.5 North America
8.5.1 US
8.5.1.1 Positive Trends in the Residential Market are Boosting the Construction Industry Growth
8.5.2 Mexico
8.5.2.1 Government's Promise to Increase the Growth of GDP By 4% in 2019, Through Infrastructure Development Will, Increase the Demand for Concrete Admixtures
8.5.3 Canada
8.5.3.1 Government Plans to Provide Financial Help to First-Time Home Buyers and Development of the Country's Transport Infrastructure Under the Transportation 2030 Program Will Boost the Demand for Concrete Admixtures
8.6 South America
8.6.1 Brazil
8.6.1.1 Investment Partnership Program has Promoted the Private Sector Participation in Infrastructure Development
8.6.2 Argentina
8.6.2.1 China-Built Projects in the Country have Improved the Livelihood and Created Employment Opportunities
8.6.3 Rest of South America
9 Competitive Landscape
9.1 Overview
9.2 Competitive Leadership Mapping, 2018
9.2.1 Visionary Leaders
9.2.2 Innovators
9.2.3 Dynamic Differentiators
9.2.4 Emerging Companies
9.3 Strength of Product Portfolio
9.4 Business Strategy Excellence
9.5 Market Ranking Analysis
9.5.1 BASF SE
9.5.2 SIKA AG
9.5.3 GCP Applied Technologies
9.5.4 RPM International Inc.
9.5.5 Fosroc International Ltd.
9.6 Competitive Scenario
9.6.1 New Product Development/Launch
9.6.2 Merger & Acquisition
9.6.3 Investment & Expansion
9.6.4 Partnership & Collaboration
10 Company Profiles
10.1 BASF SE
10.1.1 Business Overview
10.1.2 Functional Materials & Solutions Segment
10.1.3 Products, Customers, and Applications
10.1.4 Products Offered
10.1.5 Recent Developments
10.1.6 SWOT Analysis
10.1.7 BASF SE's Right to Win
10.2 SIKA AG
10.3 GCP Applied Technologies Inc.
10.4 RPM International Inc.
10.5 Fosroc International Ltd.
10.6 Mapei S.P.A.
10.7 CICO Technologies Ltd.
10.8 CHRYSO S.A.S.
10.9 Concrete Additives & Chemicals Pvt. Ltd.
10.10 Rhein-Chemotechnik GmbH
10.11 Other Companies
10.11.1 Weber Saint-Gobain
10.11.2 Polisan Kimya San. A.S.
10.11.3 Shandong Wanshan Chemical Co. Ltd.
10.11.4 Sakshi Chem Sciences Pvt. Ltd.
10.11.5 Fritz-Pak Corporation
10.11.6 Fuclear Technologies Inc.
10.11.7 Ha-Be Betonchemie
10.11.8 Lanya Concrete Admixtures
10.11.9 Muhu (China) Construction Materials Co. Ltd.
10.11.10 Cormix International Limited
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